About eBay
eBay or eBay.com is an online auction and shopping website that has become one of the most popular in its category. Managed by eBay Inc., an American Internet company, eBay is the website which provides its users to buy and sell any products and services throughout the world. In addition to its original U.S. website, eBay has also created localized websites in several countries in the world in order to provide its users country specific services. Founded on September 3, 1995, in San Jose, California, by computer programmer Pierre Omidyar as AutionWeb, eBay has been a huge hit since its inception.
A Brief History of eBay
The first item that was sold on eBay was a broken laser point, which was sold for $14.83. Within a year of its inception, in November 1996, eBay struck its first third-party licensing deal with a company called Electronic Travel Auction. By the virtue of this deal, eBay came to get the right to sell plane tickets and other travel products by using SmartMarket Technology. In 1997, the company changed its name ActionWeb to eBay in the month of September.
The name of the company was supposed to be echobay.com, but the name had already been taken by a gold mining company called Echo Bay Mines. Thus the second choice of the name, eBay comes in. In 1998, eBay went public. The company also purchased PayPal on October 14, 2002.
Items and Services in eBay
There are millions of items and services available in eBay. Some of the items are up for sale and the others are for buying. All the items that are put up for buying and selling have been systematically categorized. There are a number of categories that one can find in eBay. Apparel and Accessories, Books & Magazines, Cameras & Optics, Car & Bikes, Coins & Stamps, Computer & Peripherals, Consumer Electronics, Fitness & Sports, Health & Beauty, Hobbies & Collectibles, Home, D?r & Furnishing, Jewellery, Kitchen & Home Appliances, Mobile & Accessories, Movies & Music, Musical Instruments, Service & Real Estate, Tools & Hardware, Toys, Games & Baby, Travel, Tickets & Vouchers, Video & Computer Games, Watches, and many others are some of the categories that are available in eBay.
How to do business through eBay
If you want to buy any product from the eBay, you have to first create an online account for using the website. Once you create your account online, eBay would soon going to be a virtual shopping mall. You have to choose from a number of products that are listed in the website. Once you have chosen your product, you have to initiate payment procedure. You may also go for auctions if it is necessary there. You can pay the price of the product by using your Credit Cards. You can also use Internet banking for making payment. Once you pay all the charges, your product would be delivered at your doorstep.
Types of Auctions in eBay
There are following types of auctions available in eBay:
Auction-style listing: It allows a seller to offer one or more items for sale for a limited number of days. Seller has the option to reserve the price.
Fixed Price Format: It allows a seller to sale its products in ?Buy It Now? price. Here the buyers, who are willing to pay that amount, win the auction immediately.
Dutch Auctions: It allows two or more identical items to be in the auction and the bidders can bid for as many times as they wish.
For more information on General bargain shopping sites, please go through the site www.shoppingsitesxl.com.
|
